Sugar Hill Capital Partners Acquires Mixed-Use Property In Brooklyn's Clinton Hill For $4.65M

Located at 584 Myrtle Avenue in the Clinton Hill neighborhood of Brooklyn, New York, this mixed-use property was recently sold in a closed transaction. The property spans a total of 8,230 square feet and was sold at a price of $4,650,000, resulting in a price per square foot of $565. The cap rate for this transaction was recorded at 4.9%.

Summary of transation details

• Property Type: Mixed-Use
• Transaction Amount: $4,650,000
• Address: 584 Myrtle Avenue, Brooklyn, New York
• Neighborhood: Clinton Hill

The buyer of this property was Sugar Hill Capital Partners, while the seller was Edward Vays. The transaction was facilitated by brokers from TerraCRG, namely Adam Hess, Eddie Setton, and others.

With its prime location and mixed-use designation, this property presents a valuable investment opportunity in the thriving Clinton Hill neighborhood. The details of this transaction highlight the involvement of prominent individuals and companies in the real estate industry.